Meridian Energy: National Hydrogen Storage Surged in Month to Oct. 5
Provided by
Dow Jones
By Sabela Ojea
New Zealand-based Meridian Energy has seen a rise in hydrogen storage levels from September to October amid lower demand for electricity.
The hydroelectric power generation company said that in the month to Oct. 5 national hydro storage rose to 116% of historical levels from 83%.
Last month was the warmest September on record in New Zealand, with national electricity demand declining 1.7% when compared with the same period a year earlier.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 16, 2023 16:28 ET (20:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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